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‘Nightmare’ for Global Tech: Virus Fallout Is Just Beginning

  • IPhone maker Foxconn faces deep disruptions of unknown impact
  • The coronavirus epidemic could choke off world’s electronics
Bloomberg business news
WATCH: Foxconn faces coronavirus fallout.(Source: Bloomberg)
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Chinese-based manufacturers began to restart factories Monday, but no one knows for sure when they’ll be back at full-speed -- or what sort of chaos may ensue.

Foxconn, which makes the majority of the world’s iPhones in Zhengzhou, a few hundred miles from the epicenter of the coronavirus outbreak, resumed some production on Monday but it wasn’t clear how many workers returned to the factory. On Sunday, the company told some employees that it was postponing resuming production and sent a sent an internal message saying that it wouldn’t be able to decide on a back-to-work date “until further notice” for its iDPBG business unit, which makes gadgets for Apple Inc., according to a version reviewed by Bloomberg News.